ALTHOUGH the fallout from the novel coronavirus pandemic is more austere than that fuelled by the 2008 global economic recession, head of the Planning Institute of Jamaica (PIOJ) Dr Wayne Henry is projecting that Jamaica is, at this time, poised to bounce back faster than it did then. Speaking yesterday
The deal struck between food marketing company Nestlé Jamaica and GraceKennedy member company Dairy Industries Jamaica Limited should bring in an additional $20 million in annualised revenue to the group, in addition to opening up a new market segment for its Swiss-owned partner. Dairy Industries is a joint venture between
The new parliament building designated for National Heroes Circle will cost US$50 million ($7.5 billion), according to the Urban Development Corporation, UDC, the agency that will oversee the project’s implementation. Its just one of the elements of the project to develop a parliamentary square that will not only create more
Sales of luxury apparel, jewellery and beauty products are set to slide by nearly a quarter this year as the pandemic wipes out more than six years of growth, according to a study released Wednesday by the consultancy Bain. Still, the drop is narrower than the 35 per cent
General Accident Insurance Company Jamaica Limited (General Accident) posted on Saturday, November 14 an unaudited net profit of $147.18 million for the nine-month period ended September 30, 2020. This represents a 24 per cent decline over the previous corresponding period. For the period under review, the company wrote gross
A response to the United Nations (UN) Secretary General António Guterres’ October 2020 policy brief, “COVID-19 and Universal Health Coverage,” in which he urged all countries to speed up and scale up investment in universal health coverage and in stronger health systems, starting immediately.” Universal healthcare is a pertinent
Regional insurance company Guardian Holding Limited, GHL, grew its profit by three-quarters for the July-September period, assisted by the inclusion of the newly acquired NCB Insurance life and annuities portfolio. The results redounded to the benefit of GHL’s Jamaican parent company NCB Financial Group, which reported profit of $27 billion
Minister of Industry, Investment and Commerce Audley Shaw says the Government is embarking on an initiative to facilitate the digitisation of over 25,000 business operations within the next three years. “With the demand to go digital, especially given the current novel coronavirus pandemic, information technology-enabled services, logistics and digital transfers
Kingston, Jamaica — Sagicor Group Jamaica has rolled out a week-long series of activities geared at promoting the development of the company's male team members by improving their leadership skills and facilitating meaningful conversations on topics impacting men. This coincides with International Men's Day, being observed on November 19. The
Buoyed by strong third quarter results, Sagicor Jamaica President Chris Zacca is boasting that the local financial conglomerate has not had any capital flight, even with growing concerns about asset quality in the financial sector. Arguing that many assets in the local financial sector have taken a hit because
